The New World of Subscription-based Robotic Solutions

Who should read it?

CIOs and CXOs who are excited about robotics and artificial intelligence but are wary about huge expenditures or risky returns.

QuickRead

Robotics is sketching a new and robust approach to leverage the true benefits of artificial intelligence in the industrial automation space. Finding out an affordable, easy, and less risky way of investing in it fits today’s wallets and concerns around artificial intelligence. But this also necessitates a change in the product strategy and business model, among other things.

Takeaways

• How does RaaS wipe away the key burdens of using new industrial equipment, namely capital expenditure and maintenance? • The various advantages of RaaS for a customer, such as purchase cycle, management approvals, ability to scale up and down, adapting to peak and numb periods, free upgrades, and flexibility. • An eye on corollary accounting changes and organizational impact that RaaS needs once implemented. Why consumption bottlenecks and product design matter when using RaaS. • Leasing and RaaS are not the same things. Why you need to be aware of sellers who disguise one for another. • Key factors that need to be in place for RaaS to succeed in the industrial automation market.

Toolbox Perspective

The global cloud robotics market is expected to reach $16.1 billion by 2023. However, towing the SaaS success story with RaaS may not be so easy for heavy-weight manufacturers - until remote monitoring and maintenance can really work in tandem and unless these players get comfortable with new pricing and profitability approaches.

To accomplish this, industrial internet of things (IIoT) has to rise to the desired levels of maturity and penetration. Similar advances in the space of open application programming interfaces (APIs), teleoperation, machine to machine (M2M) interplay, and control plane abstraction will have to keep pace too.

To learn further about RaaS, download this whitepaper.

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